Sembcorp Marine said on Tuesday that its subsidiary PPL
Shipyard has secured repeat order worth US$211.5 million to build a jack
up rig for Perisai (L) Inc, a unit of Perisai Petroleum Teknologi Bhd - PHOTO: Sembcorp Marine

Sembcorp Marine said on Tuesday that its subsidiary PPL Shipyard
has secured repeat order worth US$211.5 million to build a jack up rig
for Perisai (L) Inc, a unit of Perisai Petroleum Teknologi Bhd.

The Pacific Class 400 jack up rig, scheduled for delivery in the
third quarter of 2016, will be capable of operating in deeper waters of
400 feet and high temperature wells to depths of 30,000 feet.

The contract is not expected to have any material impact on the
consolidated net tangible assets and earnings per share of Sembcorp
Marine for the year ending December 31, 2013.

Using Goal-based Investing Approach by setting for myself a 10-year progressive Goal Targets to achieve for each year starting from 2012 to 2021. Year 2: Full Year 2013 ResultAchieved 14.8% against 16% of 2021 Goal Target.

Until Uncle8888 can improve his market timing; otherwise he is definitely not going anywhere.

Liquidity and Permanency

Liquidity of Capital (War Chest) for the Next Bear and Permanency of staying Invested for the Next Bull as we can't effectively time the market.

Having taken back 100% of Investing Capital as War Chest for the next Bear; it will be like Year 2000 all over again; but this time Uncle8888 is armed with Master Degree in Stock Market and going for PhD. in Stock Market.

It is going to be more exciting this round!

This time, regular readers will be able to watch "Full Time" actions on how investing lessons for PhD course are conducted here.

In the last two courses, readers could only watch "Half Time" actions as Uncle8888 has only started to blog in 2006.

When will Mr Bear come?

Sustaining Retirement Income for Life over future market and economic cycles. A Worry-less Approach!

NEW YORK: The Dow Jones Industrial Average Monday
kicked off a holiday-shortened week with a new record high, even as the
other two indices stalled in sluggish trade.

The Dow jumped 25.88
points (0.16 per cent) to 16,504.29, its fourth record close in the last
five sessions and the 51st record close of 2013.

The broad-based
S&P 500 slipped 0.33 (0.02 per cent) to 1,841.07, while the
tech-rich Nasdaq Composite gave up 2.40 (0.06 per cent) at 4,154.20.

"With
a lot of people out, it probably will be a fairly quiet week," said
William Lynch, director of investment at Hinsdale Associates.

The
Dow has risen about four per cent since the US Federal Reserve announced
on December 18 that it plans to scale back its stimulus in January.

With
so many investors out and not many major economic releases this week,
"there will be a lot of consolidation," Lynch predicted. "The market
won't go much higher."

US pending home sales rose 0.2 per cent in
November, the first rise in five months, but below the 1.5 per cent
increase projected by analysts.

Economic releases later this week include reports on home prices and consumer confidence.
Cooper
Tire & Rubber rose 5.4 per cent after announcing it had ended a
proposed merger with India's Apollo Tyres. The deal, announced in June,
became bogged down in legal sniping related to labor problems within
Cooper's US and Chinese operations.

Footwear maker Crocs gained
21.1 per cent after announcing that Blackstone Group is investing US$200
million in the company and taking a 13 per cent stake. Crocs plans a
US$350 million stock repurchase program.

Hewlett-Packard declined
0.4 per cent after it disclosed in a securities filing that the company
is in "advanced discussions" to settle foreign-bribery investigations
into its operations in Russia, Poland and other countries.

Social
networking company Twitter, which has seen large swings in recent days,
declined for a second straight day, losing 5.1 per cent. Rival Facebook
sank 3.1 per cent.

Dow component The Walt Disney Company rose 2.5
per cent following a strong performance of its film "Frozen" over the
important holiday weekend.

Bond prices rose. The yield on the
10-year bond slipped to 2.98 per cent from 3.01 per cent Friday, while
the 30-year fell to 3.91 per cent from 3.94 per cent. Bond prices and
yields move inversely.

You like to hear sexy ones?How about these? Uncle8888 made $36K in one month.

Some other months, he made$28K, $23K and $16K.

The above number can be audited.

Sexy or not?It is like having sex. It is shiok; but it won't last too long!

Long-term investing may be not sexy; but it is more lasting! It is like having relationship.Why benchmark to Self (Human Asset)?

Unless you are truly passive investors who do cost averaging into ETFs and don't need to spend too much time on your investment. The rest of us, active investors will have to spend part of our time, effort, energy, and even emotionswith our investment.

When we work hard in our jobs; our bosses may recognise our effort in our job and reward us.

But, in the Market nobody knows us. No one care how hard we have worked in our investment. It is up to us to justify for our time, effort, energy and emotionsspent on our investment.

What is the earning from investment are we getting?

Are we better off to spend more time and effort in our jobs and progress in our career?Get it? Why benchmarking?

Sunday, 29 December 2013

With the mind flip in Dec 1999, Uncle8888 went all out to set his goals, plans and strategies to create wealth through Short-Term Trading and Long-Term Investing in our local stock exchange (SGX).From 1 Jan 2000 to 31 Dec 2013: 14 years of long journeyWithout additional funding of capital since Jan 2000 (A single household income with 5 mouths to feed, it was really tough to find any spare money to invest as there were always another competing needs to spend and higher priority to add more into emergency fund as when we become older ;we become more fearful of losing our job); it took him 14 years to finally complete his Investing Goals set out in Jan 2000 with some margin of safety going forward into retirement income for life phase.

After 14 years of investing and trading experiences, Uncle8888 is more convinced and more biased towards Long-Term Investing approach with Growth-Dividend strategy as we are more likely to achieve our long-term Investing Goals in a shorter time frame.Look at the above diagram again. Are your Investing Goals similar?Uncle8888 believes there will be several short windows of opportunity in terms of weeks over the future market cycles to create wealth. But, you must definitely plan for them with sizable War Chest and decisively seize them when the opportunities may seem to appear and that means your Account Size Really Matters as there may be false start!“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
―
Warren Buffett

Saturday, 28 December 2013

Till Q4 2013, Uncle8888 didn't see any price weakness from its customers' recent orders against competition from the Korean and Chinese yards.Price highlighted in Red is the lowest rig price paid by the customer.

Friday, 27 December 2013

It sets a record for the most number of offshore rig deliveries by a company in a single year.
Keppel FELS Ltd (Keppel FELS) has delivered ARABDRILL 60, a KFELS B
Class jackup rig, to Arabian Drilling Company (ADC) five days ahead of
schedule, on budget and with a perfect safety record. This marks the
21st new build offshore rig that Keppel FELS has delivered in 2013,
setting a new record for the most number of rig deliveries by a company
in a year.

The rig was named at a ceremony today in the presence of Mr Mohamed
Yousuf Rafie, Chairman, ADC's Board of Directors and Mr Lawrence Wong,
Singapore's Acting Minister for Culture, Community and Youth and Senior
Minister of State for Communications and Information as the Guests of
Honour.

Mr Mohamed Yousof Rafie, Chairman, Board of Directors, ADC said, "The
performance of our first new KFELS B Class rig, ARABDRILL 50, has fully
met our expectations and we are now pleased to receive ARABDRILL 60
which we are confident will be just as successful. Together, these two
high specification rigs enable us to offer Saudi Aramco productive, safe
and cost-efficient drilling operations. We have been impressed with the
commitment by Keppel FELS in delivering to high quality and safety
standards, while ensuring our requirements were met. This is a win-win
partnership we have built with Keppel that we hope to continue into the
future."

Mr Saad Saab, Managing Director (Administration), ADC, also thanked
Keppel FELS for delivering ARABDRILL 60 ahead of schedule and with an
excellent safety record. Mr Muhammad Umar Loan, Managing Director
(Technical), ADC, added that the project was completed well with some
variation orders to bring the rig in compliance with Saudi Aramco's
contract. While thanking Keppel FELS, Mr Muhammad Umar Loan also
congratulated DNV-GL and the ADC project management teams on completing
this project safely and ahead of schedule.

On how Keppel FELS managed to deliver 21 rigs in a year, Mr Wong Kok
Seng, Managing Director (Offshore), Keppel Offshore & Marine and
Managing Director, Keppel FELS said, "Building a KFELS B class jackup
rig involves coordination among multiple parties and over a thousand
workers. This year, we had some 45 projects going on at the same time.
We streamlined the building process through new technology and equipment
as well as having an innovative construction methodology. All our
departments worked seamlessly together to set new benchmarks.

"Even though we had so many deliveries, every customer, such as ADC,
is important, and we worked closely with them to understand their needs.
We set out to deliver 20 and ended up delivering 21 rigs on time or
ahead of schedule and safely. Our previous record was 13 in 2009. That
is the Keppel standard. We always challenge ourselves to do better."

ARABDRILL 60 will be ADC's third jackup rig from Keppel FELS and has
been chartered to Saudi Arabia's national oil company, Saudi Aramco. The
first of the two new rigs, ARABDRILL 50, was delivered earlier this
year and is already working successfully for Saudi Aramco. ADC also owns
ARABDRILL 30, another KFELS B Class rig since 2009 and the rig is
operating for the Al-Khafji Joint Operations (AGOC/KGOC). A strong
supporter of Saudi Arabia's offshore drilling programme, Keppel FELS
also previously delivered SAR 202, a KFELS Super B Class jackup for
Saudi Aramco. Three other rigs, AOD I, AOD II and AOD III delivered to
Asia Offshore Drilling this year are also contracted to Saudi Aramco.

ARABDRILL 60 is the 51st KFELS B Class rig delivered since 2002, and
this class of rigs makes up more than 30% of the total jackups completed
globally since 2000. This award-winning design has a proven track
record of global operations, and has established itself as the benchmark
in the industry. In 2013 alone, a total of 15 KFELS B Class rigs were
delivered while another 18 were ordered.

Developed by Keppel's technology arms, Offshore Technology
Development (OTD) and Bennett Offshore, the KFELS B Class jackup design
is able to operate in water depths of up to 400 feet and drill to depths
of 30,000 feet which is readily upgradeable to higher performance
capabilities.

The robust rig incorporates Keppel's advanced and fully-automated
high capacity rack and pinion jacking system, and Self-Positioning
Fixation System. Designed with industry-leading features for safety and
environmental friendliness, the KFELS B Class provides maximum uptime
with reduced emissions and discharges.

US stock markets Thursday continued their bull run of 2013, closing at fresh records after a strong US unemployment report.

NEW YORK: US stock markets Thursday continued their
bull run of 2013, closing at fresh records after a strong US
unemployment report.

The Dow Jones Industrial Average shot up
122.33 (0.75 per cent) to 16,479.88, finishing at a record high for the
sixth straight session.The S&P 500, closing at a record high
for the fourth straight session, added 8.70 (0.47 per cent) at 1,842.02.
The tech-rich Nasdaq Composite Index increased 11.76 (0.28 per cent) to
4,167.18.The latest record came after US Labor Department data
showed first-time claims for unemployment benefits fell to 338,000 from
an adjusted 380,000 the previous week. Analysts had projected that
350,000 claims would be filed.

Other better-than-expected economic
news in recent days has increased confidence in the US outlook after
the Federal Reserve announced on December 18 it was scaling back its
bond-buying program.

The yield on the 10-year US Treasury bond hit
3.0 per cent earlier Thursday before retreating. Higher yields
sometimes crimp enthusiasm for equities, but the recent rise has been
gradual, said Michael Gayed, chief investment strategist at Pension
Partners.

"If you have a spike in yields, it is a negative," Gayed said.

"But
as the yields are gradually going higher despite the Fed tapering, that
means there is a growing sense of confidence that the stocks market
does not need the Fed as much."

Online retailer Amazon gained 1.3
per cent after reporting that subscriptions to its Amazon Prime two-day
shipping program jumped in December ahead of Christmas and now counts
tens of millions of members worldwide. Amazon characterized the 2013
holiday shopping season as its best ever.

Shipping company UPS
advanced 0.2 per cent despite criticism after it missed some Christmas
deadlines for gift-package delivery due to an unexpectedly large volume.
Rival FedEx, which appeared to have somewhat fewer problems, rose 0.9
per cent.

BlackBerry shed 8.7 per cent after co-founders Michael
Lazaridis and Douglas Fregin disclosed they were selling a large
percentage of their shares in the embattled smart-phone maker.

Telecom
company Sprint rose 3.1 per cent following a report that its parent
SoftBank is in talks to purchase US wireless company T-Mobile. T-Mobile
rose 2.3 per cent.
Bond prices slipped. The yield on the 10-year
US Treasury rose to 2.99 per cent from 2.98 per cent after breaching the
3.00 per cent level earlier in the session.

The 30-year increased to 3.92 per cent from 3.90 per cent. Bond prices and yields move inversely.

Wednesday, 25 December 2013

Why long-term investing is not sexy???When you are starting out as retail investor with a small account size, your investment return may be too small to boast about.So after many many years of successful investment and re-investment of dividends, you may not feel the need to boast anymore. It is not sexy!People just like to hear how to make XXX% return in a few days! It is sexy! It simulates the Brain!Real-life success stories of koiptiam uncles and pasar aunties are often not told so we don't get to hear them. Even your own old relatives may not talk about it during CNY gathering.

Tuesday, 24 December 2013

Most of us, our Earned Income is likely to be progressive and incremental up to certain point in our career.We work hard. We work smart. We will be paid increasing annual salaries and bonuses and that will put us in wealth building phase just by just spending less and saving more.There is no such natural forces at work with Earning from Investment. We can't never assume it is progressive and incremental without pumping in part of our Earned Income into it.See the difference?

NEW YORK: US stocks Monday jumped to new records after strong economic data gave new momentum to last week's rally.

The
Dow Jones Industrial Average gained 73.47 (0.45 per cent) to 16,294.61,
while the broad-based S&P 500 advanced 9.67 (0.53 per cent) to
1,827.99. Both were new records, building on record closes from Friday.

The
new peaks came after fresh Commerce Department data pointed to a 0.5
per cent increase in consumer spending in November, the second month in a
row to see a rise.

An estimate of consumer confidence by the University of Michigan also showed an improvement in December.
"The
economic news was very good," said Peter Cardillo, chief market
economist at Rockwell Global Capital. "It's all about the economy
expanding at a faster rate."

Monday's data came on the heels of
last week's surprising upgrade to the third-quarter estimate of gross
domestic product growth and a move by the US Federal Reserve to scale
back its bond-buying program due to the improving economy.
Tech
giant Apple jumped 3.8 per cent after announcing it reached a
long-awaited deal with China Mobile to significantly boost its iPhone
presence on the world's biggest wireless operator.

Facebook rose
4.8 per cent after Cantor Fitzgerald boosted its earnings estimates,
citing a strong advertising performance during the crucial holiday
shopping period. Monday was also the first day of trade since Facebook
was added to the prestigious S&P 500.

Other technology
companies also jumped, including Google (+1.3 per cent), Twitter (+7.6
per cent) and LinkedIn (+0.6 per cent). A report Monday said mobile
phone consumers are spending more time on websites associated with all
three companies, according to Bank of America Merrill Lynch.

Jos A
Bank Clothiers dipped 1.3 per cent after announcing it had rejected a
takeover proposal from Men's Wearhouse after concluding the offer
"significantly undervalued" the company.

Jos A Bank said it would continue to look at strategic acquisition opportunities. Men's Wearhouse fell 0.7 per cent.
Micron
Technologies lost 3.1 per cent after Bank of America Merrill Lynch
downgraded the chip maker, citing more promising offerings from other
competitors.

Bond prices fell. The yield on the 10-year US
Treasury rose to 2.93 per cent from 2.89 per cent, while the 30-year
edged higher to 3.84 per cent from 3.82 per cent. Bond prices and yields
move inversely.

Monday, 23 December 2013

Singapore’s Keppel Fels has delivered another high-end jack-up
to rig giant Ensco, with the unit set for work in the North Sea.

The Ensco 121 is the second in a series of
ultra-deepwater, harsh-environment rigs to be delivered to the US owner.The KFELS Super A Class jack-up is also the
eighteenth jack-up to be delivered by the yard to Ensco and the twentieth to be
delivered by the yard this year.It can drill in water depths of 400 feet
and to a drilling depth of 40,000 feet.The third newbuild in the series is set for
delivery in the middle of next year with the fourth in the second quarter of
2016.

Singapore's inflation rate rose to 2.6 per cent in
November from 2 per cent in October, largely reflecting higher
accommodation costs.

That was according to a joint statement by
the Monetary Authority of Singapore and the Ministry of Trade and
Industry released Monday.The agencies noted that accommodation
costs rose by 3.3 per cent in November, higher than the 1.9 per cent
increase in the month before, when rebates to HDB households helped to
lower the cost of "minor repairs and maintenance".Private road
and transport costs rose by 3.4 per cent in November from 2.7 per cent
the month before, mainly due to the rise in Certificate of Entitlement
premiums, they added.

Petrol pump prices also went up in November from the level in the same month the year before.

Food
inflation inched up to 2.6 per cent in November from 2.5 per cent in
October amid higher prices for non-cooked food items, the government
reported.

Saturday, 21 December 2013

From Jan 2000 to Dec 2013 : 14 years of practical experience in the stock market with even many more years of learning investment and trading theories.Uncle8888 smiles when he read some blog posts and comments boasting of their winning contra trades and penny stocks; he too has these experience.Those few years of foolishness in the stock market cannot be forgotten!Yes!Losing money is part of the Investing Game; but staying Foolish for a long time without realizing it. Is No!If not for that few years of foolishness for not sticking passionately to the core principles of long-term investing, the investment outcome could have been much better.

From Jan 2000 to Dec 2013: Uncle8888's Investment Outcome

Sometime, in the moment of glory or luck, we tend to forget that in the Market; it is us against the Market. There are always Buyers and Sellers in the Market.We bought while others were selling.We sold while others were buying.We wait while others were buying or sellingFor the next 6 years, from Jan 2014 to Dec 2019, Uncle8888 must not be foolish again to think that he is smarter than the Market to make easy money. It is more important than the last 14 years as not that many years left to prove that he is wrong and correct his mistakes.

By Dec 2019, he will have 20 years of true life experience in the stock market to be able to pen down a few practical pointers in his Kung Fu Manual on "Create Wealth from the stock market through long-term investing and short-term trading - Less Analysing. More Investing"and pass this Manual to his children, nephews and nieces.

The Balance Sheet

A
more sophisticated way to measure the success of a retirement portfolio
is the one used by large pension plans. You compare what's called the
actuarial present value of your assets and liabilities. The twist:
Instead of looking at current assets and liabilities, you look at the
value of all your expenses in retirement as a lump sum as compared with
the value of all your assets as a lump sum.

Take
a married couple where the husband, 69, and the wife, 68, have an
after-tax portfolio of $1 million, an annual Social Security benefit of
$25,000 with a 2.5% cost-of-living adjustment, and a pension of $10,000 a
year with a 75% survivorship benefit and no inflation adjustment. That
income stream's present value would be $588,686. Add that to the value
of their portfolio ($1 million), and you get $1,588,686 in total assets,
in today's dollars.

On the liability
side, if the couple wants to spend $60,000 a year in retirement, after
taxes, with a 2.5% cost-of-living adjustment, they would need $1,402,156
in today's dollars to fund their living expenses.

In
essence, investors with a surplus are in good shape, while those with a
deficit don't have enough to pay their expenses in retirement. The
latter likely would have to adjust their savings, investments or
projected expenses.

Few advisers—just
15% in Russell's survey—use this method, but Mr. Greenshields suggests
that it works the best. A balance sheet uses today's market information
and today's interest rates as a starting point, he says.

"Our
take on this approach relies on using current interest-rate curves,
specifically Treasury yield curves to reflect a 'risk-free' rate. Those
are about the most robust predictions of the future you can get."

By Wayne Pinsent | InvestopediaReturn on equity (ROE) is a closely watched number among
knowledgeable investors. It is a strong measure of how well a company's
management creates value for its shareholders. The number can be
misleading, however, as it is vulnerable to measures that increase its
value while also making the stock more risky. Without a way of breaking
down ROE components, investors could be duped into believing a company
is a good investment when it's not. Read on to learn how to use DuPont
analysis to break apart ROE and get a much better understanding about
where movements in ROE are coming from.

ROE: Simple, Perhaps too Simple
The beauty of ROE is that it is an important measure that only requires
two numbers to compute: net income and shareholders' equity.ROE = net income / shareholder's equity

If this number goes up, it is generally a great sign for the company as
it is showing that the rate of return on the shareholders' equity is
rising. The problem is that this number can also rise simply when the
company takes on more debt, thereby decreasing shareholder equity. This
would increase the company's leverage, which could be a good thing, but
it will also make the stock more risky.

Three-Step DuPont
To avoid mistaken assumptions, a more in-depth knowledge of ROE is
needed. In the 1920s the DuPont corporation created an analysis method
that fills this need by breaking down ROE into a more complex equation.
DuPont analysis shows the causes of shifts in the number.
There are two variants of DuPont analysis: the original three-step
equation, and an extended five-step equation. The three-step equation
breaks up ROE into three very important components:

We now have ROE broken into two components: the first is net profit
margin, and the second is the equity turnover ratio. Now by multiplying
in (assets / assets), we end up with the three-step DuPont identity:

This equation for ROE breaks it into three widely used and studied components:

ROE = (net profit margin) * (asset turnover) * (equity multiplier)

We have ROE broken down into net profit margin (how much profit the
company gets out of its revenues), asset turnover (how effectively the
company makes use of its assets) and equity multiplier (a measure of how
much the company is leveraged). The usefulness should now be clearer.

If a company's ROE goes up due to an increase in the net profit margin
or asset turnover, this is a very positive sign for the company.
However, if the equity multiplier is the source of the rise, and the
company was already appropriately leveraged, this is simply making
things more risky. If the company is getting over-leveraged, the stock
might deserve more of a discount despite the rise in ROE. The company
could be under-leveraged as well. In this case it could be positive and
show that the company is managing itself better.

Even if a company's ROE has remained unchanged, examination in this way
can be very helpful. Suppose a company releases numbers and ROE is
unchanged. Examination with DuPont analysis could show that both net
profit margin and asset turnover decreased, two negative signs for the
company, and the only reason ROE stayed the same was a large increase in
leverage. No matter what the initial situation of the company, this
would be a bad sign.

Five-Step DuPont
The five-step, or extended, DuPont equation breaks down net profit
margin further. From the three-step equation we saw that, in general,
rises in the net profit margin, asset turnover and leverage will
increase ROE. The five-step equation shows that increases in leverage
don't always indicate an increase in ROE.

The Five-Step CalculationSince the numerator of the net profit margin is net income, this can
be made into earnings before taxes (EBT) by multiplying the three-step
equation by 1 minus the company's tax rate:

We can break this down one more time, since earnings before taxes is
simply earnings before interest and taxes (EBIT) minus the company's
interest expense. So, if a substitution is made for the interest
expense, we get:

If the company has a high borrowing cost, its interest expenses on more debt could mute the positive effects of the leverage.Learn the Cause Behind the Effect
Both the three- and five-step equations provide deeper understanding of
a company's ROE by examining what is really changing in a company
rather than looking at one simple ratio. As always with financial
statement ratios, they should be examined against the company's history
and its competitors.

For example, when looking at two peer companies, one may have a lower
ROE. With the five-step equation, you can see if this is lower because:
creditors perceive the company as riskier and charge it higher interest,
the company is poorly managed and has leverage that is too low, or the
company has higher costs that decrease its operating profit margin.
Identifying sources like these leads to better knowledge of the company
and how it should be valued.

The Bottom Line
A simple calculation of ROE may be easy and tell quite a bit, but it
does not provide the whole picture. If a company's ROE is lower than its
peers, the three- or five-step identities can help show where the
company is lagging. It can also shed light on how a company is lifting
or propping up its ROE. DuPont analysis helps significantly broaden understanding of ROE.

Gold closed more than 3 percent lower on Thursday at its lowest closing price since August 2010 as the Federal Reserve
took its first step away from the ultra-loose monetary policy that has
helped drive bullion prices to record highs in recent years.
The Fed said on Wednesday that the U.S. economy was finally strong
enough for it to start scaling back its massive bond-buying scheme,
winding down the era of easy money that saw gold rally to $1,920.30 an
ounce in 2011. The metal was the hardest hit of the major
financial benchmarks by the taper, with European stocks rebounding 1.5
percent on Thursday, the dollar index rising 0.6 percent, and bonds little changed. Spot gold was last down 1.8 percent to $1,196 an ounce, having earlier touched its lowest since late June, at $1,192.30. U.S. gold futures for February delivery settled 3.4 percent lower at $1,193.60, its lowest settlement prices since Aug. 3, 2010. "A lot of gold investors are anticipating deflation not inflation as a result of the Fed announcement, taking advantage of the downside momentum and shorting gold at least temporarily,'' said Jeffrey Sica, chief investment officer of New Jersey-based Sica Wealth, which has more than $1 billion in client assets.

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About Me

I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Cheers!
Last updated: 16 Oct 2016

Disclaimer

Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.